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Rare Element Resources (OTCMKTS:REEMF) Hits New 1-Year High - Here's Why

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd.'s share price reached a new 52-week high at $1.92 and last traded at $1.71 with significant trading volume of 3,297,570 shares.
  • The company, which focuses on mineral property exploration in the US and Canada, has a market cap of $882.55 million and a P/E ratio of -85.50.
  • Rare Element Resources holds a 100% interest in the Bear Lodge REE project and the Sundance Gold project located in Wyoming.
  • Five stocks to consider instead of Rare Element Resources.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $1.92 and last traded at $1.71, with a volume of 3297570 shares. The stock had previously closed at $1.87.

Rare Element Resources Stock Performance

The company has a market cap of $882.55 million, a P/E ratio of -85.50 and a beta of 1.09. The firm's fifty day moving average is $1.07 and its two-hundred day moving average is $0.92.

Rare Element Resources Company Profile

(Get Free Report)

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.

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